Hmmm - I can't really see what that's based on

with massive public sector spending cuts and potentially hundreds of thousands of people laid off (both directly in the public sector and in private sector contractors who rely on the public sector for work), I can't understand how the private sector is going to pick up the slack.

With this combined with the VAT rise and benefit cuts around the corner, and the ongoing unavailability of credit, why are people suddenly going to start spending money to kick start that kind of a recovery?

I'm sure there are far more clever people than me pontificating about this but, as you say, seeing is believing.

Posted By: duke of york, Sep 13, 11:14:14